Pallas Capital Advisors LLC Acquires Shares of 14,862 Oshkosh Corporation $OSK

Pallas Capital Advisors LLC acquired a new stake in shares of Oshkosh Corporation (NYSE:OSK) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 14,862 shares of the company’s stock, valued at approximately $2,281,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in OSK. Goldman Sachs Group Inc. increased its holdings in Oshkosh by 43.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 225,130 shares of the company’s stock worth $21,180,000 after purchasing an additional 68,165 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Oshkosh by 8.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 188,191 shares of the company’s stock valued at $17,705,000 after purchasing an additional 14,122 shares in the last quarter. Focus Partners Wealth bought a new position in shares of Oshkosh in the first quarter valued at approximately $567,000. Sivia Capital Partners LLC purchased a new position in shares of Oshkosh during the second quarter valued at approximately $325,000. Finally, California Public Employees Retirement System grew its holdings in Oshkosh by 1.3% during the second quarter. California Public Employees Retirement System now owns 111,199 shares of the company’s stock worth $12,626,000 after buying an additional 1,404 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on OSK shares. Weiss Ratings raised Oshkosh from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 13th. Robert W. Baird lifted their price objective on shares of Oshkosh from $172.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Zacks Research lowered shares of Oshkosh from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 23rd. Truist Financial increased their target price on shares of Oshkosh from $176.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Finally, Barclays raised their price target on shares of Oshkosh from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Eleven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $171.33.

Oshkosh Stock Performance

Shares of OSK opened at $153.97 on Tuesday. The company has a current ratio of 1.72, a quick ratio of 0.96 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $9.51 billion, a price-to-earnings ratio of 17.62, a PEG ratio of 0.94 and a beta of 1.25. The stock has a 50 day moving average of $146.03 and a 200 day moving average of $148.19. Oshkosh Corporation has a 12 month low of $116.77 and a 12 month high of $180.49.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $2.63 by $0.24. Oshkosh had a return on equity of 12.95% and a net margin of 5.24%.The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period last year, the company posted $3.41 earnings per share. Oshkosh’s quarterly revenue was up 6.7% compared to the same quarter last year. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. As a group, sell-side analysts forecast that Oshkosh Corporation will post 10.72 earnings per share for the current year.

Oshkosh Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Thursday, August 13th. Oshkosh’s payout ratio is presently 26.09%.

Oshkosh Company Profile

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.